𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for July 2022 vs. 2021 home sales in Toronto, Mississauga, Oakville, and Burlington.
𝐌𝐨𝐝𝐞𝐫𝐚𝐭𝐞 𝐩𝐫𝐢𝐜𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐦𝐚𝐤𝐞𝐬 𝐭𝐡𝐢𝐬 𝐚𝐧 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐞 𝐭𝐢𝐦𝐞 𝐟𝐨𝐫 𝐁𝐮𝐲𝐞𝐫𝐬.
Overall sales volume across the Toronto Regional Real Estate Board is down year-over-year as well as compared to June 2022 – the short term contributed to a typical summer slow down.
𝗕𝘂𝘆𝗲𝗿𝘀 𝗮𝗿𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘁𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝗺𝗼𝗿𝗲 𝗰𝗵𝗼𝗶𝗰𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, 𝘄𝗶𝘁𝗵 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘁𝗼 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗼𝗻 𝗽𝗿𝗶𝗰𝗲 𝗮𝗻𝗱 𝘁𝗲𝗿𝗺𝘀
Here are our notable take away’s from July’s real estate market activity 📑
◻️ Toronto average detached home price was $1,515,763 ⬇️ 7.2% over July 2021. The highest increase were Toronto condo townhouses at a 7.7% increase over last year.
◻️ Mississauga average detached home price was $1,589,123 ⬆️ 2.4% over July 2021. Mississauga condos leading the way in price growth, up 8.6% over last year.
◻️ Oakville average detached home price was $2,035,091 ⬆️ 6% over July 2021. Opportunity knocked for Buyers of semi-detached homes in Oakville, down 7.3% over last year.
◻️ Burlington average detached home price was $1,428,774 ⬆️ 4.6% over July 2021.
𝙏𝙝𝙚 𝙜𝙧𝙚𝙖𝙩𝙚𝙨𝙩 𝙥𝙧𝙞𝙘𝙚 𝙞𝙣𝙘𝙧𝙚𝙖𝙨𝙚 𝙬𝙖𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙊𝙖𝙠𝙫𝙞𝙡𝙡𝙚 𝙖𝙣𝙙 𝘽𝙪𝙧𝙡𝙞𝙣𝙜𝙩𝙤𝙣 𝙘𝙤𝙣𝙙𝙤 𝙢𝙖𝙧𝙠𝙚𝙩 – both up an incredible amount over last year. 42% increase in value in Oakville, and 28% increase in Burlington.
Be sure to view the full details of each area within our update ➡️ swipe or click on each image to view.
𝐈𝐬 𝐛𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐦𝐢𝐧𝐝 𝐚𝐬 𝐰𝐞 𝐠𝐞𝐭 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐟𝐚𝐥𝐥 𝐬𝐞𝐚𝐬𝐨𝐧? We would love to help! Let’s chat about your goals and discuss a plan to ensure your success.
